Canada Average Property Prices Up from Last Year

Compared to 2012, the average price of properties in Canada rose by 9.8 percent in 2013, but sales have not picked up.  These statistics were made available by the Canadian Real Estate Association (CREA) and cited in a report filed by  The Property Wire.com.
 
CREA estimates the national average price for homes that were sold in November of this year at $391,085.  While the sales activities in Canada’s more expensive cities slowed down, other property prices were steady or saw a small increase.  
 
One-storey single-family homes enjoyed a 4.88 perent growth.  This was followed by the increase of sales of two-storey homes that also catered to single families, this time at 4.59 percent.  The sales of town houses nd terraced houses grew by 3. 13 percent while apartments saw a rise in sales activity by 2.46 percent.

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